“Today we know that centralization and big bureaucracies have not, as promised, been the answer for promoting better opportunities for society” ~ Carlos Salinas de Gortari To ASIC or not to ASIC has been the dilemma for years now. For some, the distinction is very easy; it comes down to choosing between centralization and decentralization....Read More
The Bitcoin (BTC) record is showing one indicator of extreme growth this year – the count of Unspent Transaction Outputs, or UTXO. This growth points to several potential explanations. UTXO Growth May Signal Coin Mixing Activity Each bitcoin transaction has the potential to generate UTXO, or “change”, which is then redistributed to a change address....Read More
When Bitcoin was created in 2009, it aimed at becoming the universal currency of the world, one that could be both a Store-of-value [SoV], as well as a Medium-of-exchange [MoV]. The problem was, to many, that these two objectives would curate the cryptocurrency very differently. The consequence of this debate led to faultlines being made...Read More
While bitcoin price may be going through a period of consolidation at the moment (and frankly, after the year that was 2019, who isn’t?), the network fundamentals are as strong as ever. In fact, the hash rate is currently almost seven times as large as it was during BTC’s all-time high price, back in December...Read More
The US Coast Guard has issued a security warning following a ransomware attack on a federally regulated maritime facility. The intrusion at the unnamed facility, caused a 30+ hour shutdown of primary operations while a response was conducted. Coast Guard Caught Phishing The Ryuk ransomware is believed to have gained access to the facility’s IT...Read More
CoinMarketCap, one of the central crypto price listing websites, has been used as a vehicle to present newly arrived exchanges. Usually, those new markets show up with immense volumes, rising to the top while aiming to become industry names. LAToken’s Crypto Volumes Once Again in Spotlight LAToken, one of those exchanges, has caught attention for...Read More
The Bitcoin UTXO count hit an all-time high in 2019, despite the price dropping by a massive 68%. BTC hit its local high in a bear run on June 26, a day when 1 BTC was worth $13,800. However, the BTC holders seem to have been unfazed by the drop as the UTXOs have been...Read More
For many, the cryptocurrency market is divided into two phases; pre-2017 and post-2017. This, of course, refers to the December 2017 bull run which saw Bitcoin and the rest of the market surge to unprecedented highs, with the king-coin inching close to $20,000 a pop. The bull-run saw a massive influx of retail investors. However,...Read More
In a recent tweet, Casa CTO Jameson Lopp reported that the network hashrate for Bitcoin had increased by 162% over the course of 2019, from 38 to more than 100 exahashes per second. While price fluctuation can be seen as an indicator of investor sentiment, hashrate can be used to determine network adoption. While miner...Read More
Digital currencies seem to be dominating every aspect of the American market. From its abode in the dark corners of the Internet a decade ago to a time when Presidential candidates are being funded by cryptocurrencies, this asset class has evolved like no other. It is precisely this evolution that regulators were wary of; and...Read More
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation...Read More
Bitcoin’s price has been under the $7,600 range for over a month now. Even with 3 major retests of the resistance at $7,660, Bitcoin’s price hasn’t managed to breach it. With the formation of a double bottom in a medium time frame, this was supposed to change. However, it hasn’t so far. BTC 4 Hour...Read More
Facebook was ‘feeling excited’ with 28 companies and others with the announcement of their crypto-project, Libra, a few months ago. But, this excitement was short-lived as most countries thought of it as a threat to their own economies. China was the first to announce its plan to launch a Libra-like cryptocurrency with its own digital...Read More
Live streaming platform Dlive will soon be joining the Bittorrent ecosystem and begin migrating to the Tron blockchain. The Twitch alternative will no longer support the Lino blockchain after the transition to Tron is complete. Also Read: Youtube Star Pewdiepie Joins Live Streaming Platform That Accepts Cryptocurrency Dlive Enters Justin Sun’s Orbit Bittorrent has announced...Read More
Recently, on the ‘What Bitcoin Did’ podcast, host Peter McCormack spoke to the founder of Lightning Network wallet, Zap wallet. Jack Mallers, who spent the last four months performing extensive user research with regard to the Lightning Network, spoke about its actual value, what it can accomplish, as well as its institutional use-cases. According to...Read More
Bitcoin’s price has been treading under the $8k mark for a while now, and what once was considered to be a bullish coin is now limited in terms of price due to various reasons. One of the reasons that have often made the rounds are Bitcoin Futures pulling the price of the digital asset down....Read More
According to a recently published press release, Takasbank, Turkey‘s Istanbul Clearing, Settlement and Custody Bank, has announced that its physical gold-backed transfer system based on blockchain has gone live. According to the announcement made on 30 December, BiGA Digital Gold will provide banks in Turkey with a system for issuance, repayment, and transfer of blockchain-based...Read More
Ripple’s on-demand liquidity [ODL] corridor to Mexico has been active ever since its launch and has been leading the liquidity game. On 30 December, the XRP/MXN corridor on Bitso reached an all-time high, with liquidity surging by over 10 million. According to the Liquidity Index Bot, XRP/MXN corridor noted liquidity of 10,189,161 million and has...Read More
Two years ago, right around this time, the cryptocurrency market witnessed a bull run, one unlike anything the market had ever seen before. At the time, the largest cryptocurrency, Bitcoin, had broken all its previous barriers and set a new one. The near-$20000 mark hit by the king coin was a turn that was unexpected...Read More
Following the BitMEX Insurance Fund’s continued growth throughout the year, data provider, CryptoQuant, took a deeper look at the derivatives specialist’s on-chain data. Insurance Fund Now Holds 0.18% Of All Bitcoin Over the past 12 months the BitMEX Insurance Fund grew to almost 33.5k BTC, representing a 62% increase from the 20.77k BTC it held...Read More
Having maintained its value above $0.25 for most of 2019, XRP’s dip below the mark gave birth to alarm bells throughout the community, a community that had already been in a frenzy before the ~17.5% drop to $0.178 in mid-December. At the time of writing, XRP was priced at around $0.19 and realistically, could move...Read More
With 2019 ending in a number of hours, here is a look at the positive performance for Bitcoin (BTC) across several network and market parameters. Bitcoin Price up 95% YTD At press time, the Bitcoin price is up by about 95% year-to-date (YTD). After a difficult 2018 that saw the top-ranked crypto drop 72%, BTC...Read More
The leaves that bud out of the stem, the pattern on the shell of snails, the petals of flowers; all of these have a common denominator, a pattern. Nature follows a particular kind of symmetry. The world that we live in has many mysteries to it, many that might seem chaotic to naked eyes. However,...Read More
As this decade inches to a close, Poloniex becomes the next cryptocurrency exchange to mismanage user data after “someone leaked” email addresses and passwords. Poloniex Forces Users to Reset Passwords After rampant scams and phishing attempts, Poloniex customers were rightly cautious over the email they received from the cryptocurrency exchange on Dec 30. One customer...Read More
Ripple has taken the adoption of XRP to a new technological level by making it a part of its services. The use of Ripple’s platform has resulted in increasing trust from financial institutions, as well as the adoption of XRP. However, as the community waited to see an upward push in the digital asset’s price,...Read More
According to a recent warning by Parity, the fastest Ethereum client, it seems that Parity Ethereum nodes may be under attack, and users need to implement new updates. As the last day of 2019 took off, a new announcement was published on the website of Ethereum client, Parity. The announcement says that the company, Parity...Read More
Hedera Hashgraph, one of the prominent new projects for 2019, is in trouble again. Nodes have shut down without warning, suggesting the network may be more centralized than previously thought. The community noted 4 out of 10 council nodes shut down, signaling centralization. The closing of this number of nodes also practically turns Hedera Hashgraph...Read More
An Ethereum wallet available as a Chrome browser extension has been found to be injecting malicious javascript code. ‘Shitcoin Wallet’ tries to scrape data from other open windows and send it to a remote server. MyEtherWallet And Binance Among Those Targeted The code was identified by security and anti-phishing expert, Harry Denley, who warned about...Read More
As of 31 December, an official announcement from Parity claimed that there might be an “attack underway” as some Parity Ethereum nodes were not syncing. Moreover, Bitfly, a blockchain service company, tweeted that they had received multiple reports that Parity nodes were falling out of sync on the Ethereum mainnet. Parity client allows fast synchronization...Read More
As the year comes to an end, there are many projects in the ecosystem facing issues. Recently, IOTA faced an issue that prevented the network from processing transactions. As of 31 December, there are now reports of Hedera Hashgraph’s network facing an issue with their own nodes. Hashgraph’s Council Nodes A Twitter account, “Scam Alerts,”...Read More
